Biofutures International plc ("Biofutures" or the "Company")
14 October 2009
Appointment of Arbitrator
Further to the announcement dated 26 June 2009, the Company announces that Tan Sri Dato' Abdul Aziz bin Mohamad, a retired Malaysian Federal Court Judge, has been appointed by the Kuala Lumpur Regional Centre for Arbitration in connection with the dispute between the Company's wholly-owned subsidiary, Zurex Corporation Sdn Bhd ("Zurex") and JJ-Lurgi Engineering Sdn Bhd ("JJ-Lurgi") in relation to the contract between Zurex and JJ-Lurgi dated 26 January 2007 for the supply of components for the construction of a 200,000 tonnes per annum palm oil biodiesel plant at Lahad Datu, Sabah, Malaysia.
Further announcements regarding the progress of the arbitration will be made in due course.
Enquiries: | |
Julie Pomeroy, Finance Director - Biofutures International plc | tel: 07936 848 343 |
Derek Crowhurst - Blomfield Corporate Finance Limited | tel: 020 7489 4500 |
Daniel Briggs - Religare Hichens, Harrison plc | tel: 020 7382 7776 |
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